condominium
Purchased living space
A condominium is a building divided into individually owned units, or one such unit itself: They bought a condominium downtown.
Owners hold title to their units while sharing ownership of common areas—hallways, pools, grounds.
Often shortened to condo.
The term originally meant joint sovereignty over a territory by multiple nations, a sense that survives in legal and diplomatic contexts.
Rented unit in building
- unitIndividual part or measure
- flatLacking vertical variation
- townhouseAttached multi-floor urban residence
- residencePlace one inhabits
dwelling · high-rise · mid-rise · low-rise · penthouse · studio · loft · complex
Collective fund or basin
- gymExercise facility
- lobbyEntryway or influence-seeking
- conciergeGuest services attendant
- parkingLeaving a vehicle temporarily
doorman · clubhouse · rooftop · security · elevator · laundry · storage · balcony
Group with shared aim
- HOAResidential community organization
- bylawsOrganization's internal regulations
- duesRegular membership payments
- boardFlat rigid panel
homeowners · meetings · elections · rules · regulations · covenants · fees · maintenance
Written property conveyance
- titleFormal honorific or name
- co-ownershipShared legal possession
- equityImpartial treatment or ownership value
- mortgageSecured home loan
investment · property · share · assessment · resale · appreciation · closing · escrow
Shared by a community
- collectiveJointly organized group
- jointShared by multiple parties
- facilitiesProvided spaces and equipment
- groundsBasis for justification
hallways · stairwells · utilities · expenses · liability · easements
apartment
Rented unit in building
- unitIndividual part or measure
- flatLacking vertical variation
- townhouseAttached multi-floor urban residence
residence · dwelling · high-rise · mid-rise · low-rise · penthouse · studio · loft · complex · building
pool
Collective fund or basin
parking · doorman · clubhouse · rooftop · security · elevator · laundry · storage · balcony · terrace
association
Group with shared aim
- HOAResidential community organization
- bylawsOrganization's internal regulations
- duesRegular membership payments
board · homeowners · meetings · elections · rules · regulations · covenants · fees · maintenance · enforcement
deed
Written property conveyance
- titleFormal honorific or name
- co-ownershipShared legal possession
- equityImpartial treatment or ownership value
mortgage · investment · property · share · assessment · resale · appreciation · closing · escrow · disclosure
communal
Shared by a community
- collectiveJointly organized group
- jointShared by multiple parties
- facilitiesProvided spaces and equipment
grounds · hallways · stairwells · utilities · expenses · liability · easements
condominiumrental
Paid temporary use
rental property · public housing · social housing · tenancy · council flat
condominiumsingle-family home
Freestanding residential dwelling
detached house · estate · manor · farmhouse · ranch house